Since the price of gold is about 67 times higher than the value of silver, the right discount should be that silver is much more valuable, and easier to obtain than silver. On the contrary, the evidence shows that there is none. In fact, silver is rarely found everywhere.
Notable Ones Ground Silver Holdings in Ounces
Silver ETF SLV 295,313,780
US Eagles Produced 240,418,077
COMEX Warehouses 114,102,049
Estimated Private Bullion (non-eagle or map) 120,000,000
Central Fund of Canada 75,209,103
LBMA Estimates of 75,000,000 shares
Map of Canada Created 21,303,000
Silver ETF ZKB – SWISS 7,397,885
BMG Bullion Fund 5,033,609
There is twice as much gold as precious silver and gold, and this ignores the fact that 52 percent of the world’s gold is stored in jewelry. While there are 953 million silver hours above ground, there are approximately 1,803 million gold hours above ground in the form of bullion.
It is important to note the slight differences in the design of gold and silver. About half of the above revenues are owned by governments. There are no known silver stocks that governments have. Although governments have been selling their gold to finance their purchases and keeping the price of gold in the balance, there is no one that is more readily available that can sell silver coins. Manufacturers of precious metals often use their precious metals for a period of testing years, years, and lifetime. Most investors will not sell their money at 10 percent or even a 100 percent profit. As a result, even with nearly $ 1 billion in silver, the question remains as to how much money is being sold anywhere near today’s prices.
The dollar value of all silver coins is small compared to the gold, or other commodities. In fact, tested in the value of the dollar, silver and 1 / 127th of gold. Most investments are worth more than the $ 16.88 billion silver market but gold is more readily available to buy at larger prices. Silver may be one of the most neglected and unpopular items of this century. Probably, the reason why silver is so cheap is strange because it is a requirement to be deposited by the trustees. Or is it?